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Morgan Stanley ups General Motors to Equal Weight in 2025 U.S. Autos refresh
The Fly

Morgan Stanley ups General Motors to Equal Weight in 2025 U.S. Autos refresh

As previously reported, Morgan Stanley upgraded General Motors (GM) to Equal Weight from Underweight with a price target of $54, up from $46. With 2025 ushering in a new administration, the firm refreshes its 2025 auto forecasts, noting that policy changes present near-term headwinds to U.S. EV sales, but arguing that the U.S. “must not cede autonomous leadership to geopolitical rivals.” The firm, which sees U.S. sees a seasonally adjusted annualized rate of auto sales greater than 16M, supported by lower rates but higher competition, with tariff hikes as “an inflationary wild-card,” prefers dealers to suppliers and reiterates Tesla (TSLA) as Top Pick in the automobiles group.

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